Five startups get Rs 6 crore grant for innovations in mining sector
Summary
The Ministry of Mines awarded Rs 6 crore in grants to five startups and MSMEs for innovation projects in the mining and mineral sector. Four of the funded projects focus on pilot plants and process improvements for materials such as rare earth metals, lithium-ion components, alumina hydrates, and battery-grade silicon. One recipient, Caliche Pvt Ltd, received Rs 1.2 crore to develop GARBH, software for rare-earth element exploration. The ministry also opened the next round of its S&T-PRISM program, with proposal submissions due by April 30.
Funding
Amount
$180.0K
Total raised
Date
March 1, 2024
Announcement date
Investors
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Lead investors
Company
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Funded company
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